Kyndryl Holdings Inc’s recently made public that its SVP & Global Controller Khurana Vineet unloaded Company’s shares for reported $0.8 million on Jun 03 ’24. In the deal valued at $26.36 per share,30,430 shares were sold. As a result of this transaction, Khurana Vineet now holds 78,722 shares worth roughly $1.78 million.
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Oppenheimer initiated its Kyndryl Holdings Inc [KD] rating to an Outperform in a research note published on June 27, 2024; the price target was $33. A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Positive”. Evercore ISI also remained covering KD and has increased its forecast on January 08, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. JP Morgan revised its rating on December 18, 2023. It rated KD as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of KD
On Friday, Kyndryl Holdings Inc [NYSE:KD] saw its stock jump 2.30% to $22.64. Over the last five days, the stock has lost -3.17%. Kyndryl Holdings Inc shares have risen nearly 8.95% since the year began. Nevertheless, the stocks have risen 52.56% over the past one year. While a 52-week high of $28.60 was reached on 05/22/24, a 52-week low of $13.87 was recorded on 01/04/24. SMA at 50 days reached $25.83, while 200 days put it at $21.95. A total of 1.54 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For KD Stock
The 24-hour chart illustrates a support level at 22.29, which if violated will result in even more drops to 21.93. On the upside, there is a resistance level at 22.83. A further resistance level may holdings at 23.01. The Relative Strength Index (RSI) on the 14-day chart is 31.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.40%. Stochastics%K at 12.06% indicates the stock is a buying.
The most recent change occurred on April 21, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $22 price target.
